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Financial giant Barclays under investigation over foreign exchange trading
http://www.rawstory.com/rs/2013/10/30/financial-giant-barclays-under-investigation-over-foreign-exchange-trading/
Financial giant Barclays under investigation over foreign exchange trading
By Agence France-Presse
Wednesday, October 30, 2013 14:07 EDT
Barclays is among companies under investigation for possible manipulation of foreign exchange trading, the British bank said on Wednesday.
Barclays, which is still looking to repair its reputation following its role in the Libor interest rate-rigging scandal, said it was unable to predict the fallout of the latest worldwide probe into financial sector activity.
Deutsche Bank revealed on Tuesday that it too was being investigated over its foreign exchange trading, alongside Swiss bank UBS and Britain’s state-rescued Royal Bank of Scotland which have also come forward.
Barclays said it “has received enquiries from certain … authorities related to their particular investigations, is reviewing its foreign exchange trading covering a several year period through August 2013 and is cooperating with the relevant authorities in their investigations”.